Crypto Market Surge: L2 TVL Hits $29.88B, Bitcoin and Ethereum Soar

The current cryptocurrency market is experiencing significant movements. A key indicator of interest and activity in the market is the Total Value Locked (TVL) on Layer 2 (L2) solutions. As of today, the total TVL on L2 Beat stands at $29.88B, showing an increase from yesterday's $28.20B.

Breaking down the TVL among the top-5 L2 networks reveals notable changes:

• Arbitrum: The TVL has risen to $13.53B from $13.23B yesterday.
• OP Mainnet: Currently at $7.6B, up from $6.6B the previous day.
• Manta: The TVL has climbed to $1.89B from $1.59B.
• Starknet: Showing a significant increase, the TVL now stands at $1.38B, compared to yesterday’s $1.01B.
• Base: The TVL has grown to $938M from $838M.

The broader cryptocurrency market also reflects positive sentiment with substantial price increases in major assets:

Bitcoin (BTC) is currently priced at $56,786.47, up from $51,691.47 yesterday.

Ethereum (ETH) has seen a rise, now trading at $3,246 compared to $3,101 the previous day.